Splash Car Wash

2610 East Main Street, Russellville, AR 72802

$4,850,000

Cap Rate 7.51%

$5,195,524

Cap Rate 7.01%

DOM: 247 Updated: 12.20.23 Posted: 02.10.23 Status: Sold 10.16.23

Summary

Price $4,850,000 $5,195,524	Built/Renov 2022	Tenant Splash Car Wash
Cap Rate 7.51% 7.01%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 5,968	Lease Start 04-09-2023	#Units 31
Price/SF $812.67 $870.56	Expiration 04-08-2043	Tenant Type Automotive
NOI $364,354	R. Term 17.11	Ownership Fee Simple
Rent/SF $61.05	Increases 1.5%/1/yrs	Pop 5Mi 39,198
Lot/AC 1.92	Options 2/5yrs/1.5%	AHHI 5Mi $71,701

Lease Highlights

New 2022 construction
The tenant has over 20 years remaining on its current lease with 2 (5-year) options to extend
Lease features 1.5% annual rental escalations
Absolute NNN lease presents zero landlord responsibilities
Corporate guarantee by Splash Car Wash

Location Description

This newly constructed Splash Car Wash is located at the signalized, hard corner intersection of East Main Street and South Elmira Avenue which sees 26,000 vehicles per day. Main Street and the immediate neighborhood provide residents with every daily need from primary retail services and restaurants to banks and national big box players such as Wal-Mart, Lowe’s, Sears, Belk and much more....

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Key Features

New construction
Signalized intersection
Hard corner intersection
Major thoroughfare
Near major nationals
Brand new lease
Long 20+ yr lease
Absolute NNN
Annual rent increases
Corporate Guarantee

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Links

Splash Car Wash Wikipedia Russellville, Arkansas Zip Code 72802 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Splash Car Wash
Guarantor:Corporate
Company:Splash Car Wash
# Units:31
Stock:Private

About Tenant

As Arkansas’ one-stop-shop, Splash Car Wash, Express Detail, and Oil Change aims to provide everything a car needs to stay clean and running strong. Splash is committed to providing the community...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	2,044	24,317	40,281
2023 Total Population :	2,065	24,039	39,750
2023 Employed Civilian Pop :	813	10,271	17,361
2023 Total Businesses :	409	1,414	1,844
2023 Average Household Income :	$ 47,717	$ 57,498	$ 68,085
2023 Total Consumer Spending :	$ 34 M	$ 448 M	$ 893 M
2023 Median Age :	30	32	35
2023 Total Households :	823	8,870	15,027
2023 Pop Age 25+: Bachelor's Degree :	170	2,365	5,029
2023 Average Home Value :	$ 124,365	$ 165,901	$ 190,608

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
East Main Street	Weir Rd	2021	20,000	0.06 mi
South Elmira Avenue	Bernard Way	2021	9,800	0.26 mi
East Main Street	N Hampton Ave	2021	19,000	0.27 mi
East Parkway Drive	N Hampton Ave	2021	8,000	0.42 mi
Weir Road	Russell Rd	2021	18,000	0.50 mi
State Hwy 331	E PkwyDr	2002	15,000	0.57 mi
East Main Street	Hwy 331	2021	16,000	0.59 mi
East Parkway Drive	Weir Rd	2021	12,000	0.60 mi
AR 331	I- 40	2021	18,000	0.61 mi
40	Hwy 331	2021	4,900	0.63 mi

Listing Broker

Jereme Snyder

Colliers NNN Group

Contact

168 Listings
35521 Views
63 Sold

Eric Carlton

Colliers NNN Group

Contact

180 Listings
38341 Views
68 Sold

Jereme Snyder

Jereme S. Snyder is a Executive Vice President within the Retail Services Group in Greater Los Angeles and a Director of Colliers NNN Group for Colliers International nationwide. The Colliers Retail Services Team is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting in debt solutions. Colliers NNN Group is a national

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Eric Carlton

Eric Carlton serves as Executive Vice President within the Retail Capital Markets Group of Greater Los Angeles, Partner of the Colliers NNN Group, and Co-Founder of the Snyder/Carlton Team for Colliers International nationwide. The Colliers Retail Services Group is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting i

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